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Volkswagen Will Buy $25 Billion In Batteries; Can It Unseat Tesla In EVs?

Volkswagen Will Buy $25 Billion In Batteries; Can It Unseat Tesla In EVs?

Volkswagen secures $25 billion in battery supplies for Europe and Asia with a North America deal coming soon. It also will equip 16 factories to produce electric vehicles by the end of 2022, up from three plants now.